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The U.S. stands to become a net exporter of petroleum products for the first time in 62 years...

  • Wednesday, November 30, 2011, 7:05 AM ET
    The U.S. stands to become a net exporter of petroleum products for the first time in 62 years after increased demand from emerging markets and a falloff in domestic activity shifted the tide. According to data from the DOE, the U.S. took in 689.4M barrels of gasoline, diesel and other oil-based fuels over the first 9 months of the year - while sending 753.4M barrels overseas.
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This news story has 4 comments:

  •  
    I still say use everybody elses oil while it is still relatively cheap and then when their supplies run short we still have ours.
    30 Nov 2011, 07:16 AM Reply Like
  •  
    I agree but it seems like rest of society/government we like to use it up as soon as possible and worry about the future.
    30 Nov 2011, 07:38 AM Reply Like
  •  
    So you believe that we will fail to bring other less costly sources of energy on-line before we run out of oil & nat gas? I hope you are wrong, but if you're right that's the strategy.
    30 Nov 2011, 08:07 AM Reply Like
  •  
    You need to learn to read, lol. The article says these are petroleum products, not crude oil, my friend. The US is still a net importer of crude oil, about 9M barrels per day:

    http://bit.ly/sVkD9M
    30 Nov 2011, 09:11 AM Reply Like
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